Bill Clinton won the White House by never forgetting that "it's the economy, stupid." Now unemployment looms as big or bigger for Barack Obama than healthcare or climate change. What more can the government to do create jobs? Can it happen before next year's mid-term elections? Also, President Obama's town-hall meeting in Shanghai, and Sarah Palin, the book the Presidency and the polls.

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Bill Clinton won the White House by never forgetting that "it's the economy, stupid." Now unemployment looms as big or bigger for Barack Obama than healthcare or climate change. What more can the government to do create jobs? Can it happen before next year's mid-term elections? Also, President Obama's town-hall meeting in Shanghai. On Reporter's Notebook, as former Governor of Alaska Sarah Palin begins her book tour, what are her prospects for a political future?

Banner image: Prseident Obama meets with CEO's, small business owners, labor leaders, nonprofit heads and thinkers about ideas for continuing to grow the economy and put Americans back to work. White House Photo: Pete Souza

President Obama says China now carries "a burden of leadership" it shares with the United States, as he moves from a town hall with students in Shanghai to public appearances with President Hu Jintao in Beijing. Andrew Nathan is Professor of Political Science at Columbia University and editor of How East Asians View Democracy.

Guests:Andrew Nathan, Professor of Political Science, Columbia University

In America's "jobless" economic recovery, unemployment is setting records. The Obama Administration has adopted a long-term approach to creating new jobs. But the President has now conceded that "our friends, neighbors and family members are desperately searching for jobs," and has called for a Jobs Summit at the White House next month, partly in response to Democrats worried about next year's mid-term elections. Since the current increase in economic growth is not creating jobs the way it's supposed to, what about a more direct approach? In Germany, which gave birth to "Cash for Clunkers," the government has kept unemployment down by subsidizing a work-sharing program. Are there other programs that can be borrowed from Europe? What about getting the banks to lend money?

Going Rogue: An American Life is out tomorrow, and Sarah Palin has already begun her much-publicized book tour, including stops with Barbara Walters, Oprah Winfrey and Larry King. But if she wants to be a national political candidate, she has a long way to go. As Governor of Alaska, Palin ran for a job that would have put her a heartbeat away from the presidency. For the moment, she's out of work and not saying what she hopes for the future. What are her prospects? Gary Langer is polling director for ABC News.